Month: August 2026

HMRC has established streamlined customs and excise duty rates applicable when individuals declare personal goods brought into the UK through an online system. These simplified rates are designed to reduce complexity and administrative burden for people importing their own possessions rather than goods for commercial purposes. The new rates apply specifically to declarations made via the online channel, making the import process more straightforward for personal importers.

Source: HMRC (GOV.UK) – Read the original

Importers can now voluntarily disclose customs duty or import tax underpayments to HMRC through a dedicated amendment process. This scheme allows businesses to correct errors on import declarations without facing enforcement action, provided the underpayment is reported before HMRC identifies it. The process applies to goods brought into the UK where the original customs clearance involved insufficient duty or tax payments.

Source: HMRC (GOV.UK) – Read the original

HMRC has published an updated practice note for Valuation Officers covering the contractor’s basis valuation method, specifically addressing how age and obsolescence allowances are calculated and applied. This guidance is designed to ensure consistent application of these allowances when assessing property values for rating purposes. The note provides technical direction to officers responsible for valuing commercial and industrial properties using the contractor’s method where direct market comparables are unavailable.

Source: HMRC (GOV.UK) – Read the original

The Valuation Office Agency has published technical guidance within its Rating Manual section 4 that outlines the valuation methodologies used to assess non-domestic business properties. This manual provides detailed instructions on how rating valuations are calculated for commercial premises. The guidance applies to valuers, local authorities, and property professionals involved in the business rates system.

Source: HMRC (GOV.UK) – Read the original

HMRC has released guidance documenting the current availability and any technical issues affecting the Making Tax Digital for Income Tax service. This resource allows users to check whether the platform is operational and to identify any disruptions that may impact their ability to submit tax information. The guidance serves as a central point for traders and accountants to verify service status before attempting to access or use the Making Tax Digital system for income tax purposes.

Source: HMRC (GOV.UK) – Read the original

HMRC has introduced a new online tool that allows businesses and individuals to identify their specific tax filing and payment deadlines and synchronise them with their calendar systems. The tool provides personalised deadline information based on tax type and circumstances. This resource aims to help traders and logistics professionals stay compliant with their tax obligations by centralising deadline management in one accessible location.

Source: HMRC (GOV.UK) – Read the original

HMRC issues periodic newsletters providing updates and practical guidance on Inheritance Tax matters and trust administration. These publications keep practitioners and taxpayers informed of changes to tax treatment, policy updates, and administrative procedures affecting trusts and estates. The newsletters serve as an official resource for understanding the latest developments in this area of tax compliance.

Source: HMRC (GOV.UK) – Read the original

HMRC has made available a range of educational resources including email updates, videos and webinars specifically designed to help company directors understand their compliance obligations. These materials cover various aspects of director responsibilities relevant to customs, trade and tax matters. The resources are accessible to company directors who wish to stay informed about their legal duties and regulatory requirements.

Source: HMRC (GOV.UK) – Read the original

HMRC has published information under the Freedom of Information Act regarding the probity and propriety checks conducted on honours nominations. The release covers the procedures and checks implemented to ensure the integrity of the honours nomination process within the department. This disclosure provides transparency on how HMRC vets and validates nominations before submission.

Source: HMRC (GOV.UK) – Read the original

More than 436,000 sole traders and landlords have now submitted their inaugural quarterly tax updates under the Making Tax Digital for Income Tax scheme. This milestone represents the successful uptake of the new digital reporting requirements among self-employed individuals and property owners. The figure demonstrates widespread compliance as these groups transition to quarterly digital reporting rather than annual tax returns.

Source: HMRC (GOV.UK) – Read the original